On the 4.8th Beijing time, an explosive news: Toyota, the world's largest automobile manufacturer, chose to cooperate with Huawei in intelligent driving, once again pushing Huawei to the hot search, you must know that Toyota's sales in 2023 will be 11.23 million units, which is 2 million units larger than the second one. How much energy and black technology does Huawei, an unlisted and low-key company, have?
This article is a bit long, I just stand in an ordinary person and an outsider, looking at the market value and significance of Huawei as a company from reality and history
Insist on not going public
Huawei was founded by Ren Zhengfei, Ren Zhengfei is a soldier, during the army, love Mao Xuan, in 1987 Ren Zhengfei went to the sea to raise 21,000 yuan to found Huawei. It is a great miracle that Huawei has grown to become the world's technology giant.
If Huawei does not go public, its market value will become a mystery. Why don't you choose to go public, on the road of Huawei's development, we have encountered many times of shortage of funds, but no matter which time, Ren Zhengfei has adhered to the original intention: Huawei will not be listed! Why not go public: Listing means that it can raise funds and the company can develop rapidly! But Ren Zhengfei does not want capital to control Huawei, regardless of whether this capital is domestic or international. Listing means that Huawei must obey the orders of capital for profits and operating income, which means that the company's strategic development direction is no longer controlled by Huawei, and capital is profit-seeking, short-sighted, and even international capital is for political purposes. That's why Huawei insists on not going public.
Without listed capital, there is no way to evaluate Huawei's valuation.
Huawei does not pursue operating income, does not care about world rankings, and does not pursue profits in a hurry
In the ranking of the world's top 500, Huawei in 2023 even fell out of the top 100, lower than the ranking in 2022. The ranking of the world's top 500 companies is not based on profits, not scientific and technological creativity, not influence, but only operating income. Therefore, many of China's central enterprises with G prefix are in the world's top 500, and China's power grid ranks third in the world, but everyone knows that state-owned enterprises play an important role in the national economy and people's livelihood. Walmart's revenue in 2023 is 600 billion US dollars, while Huawei's revenue is only 700 billion yuan.
Huawei is not listed, does not unilaterally pursue profits for quick success, does not seek operating income, does not blindly become bigger and stronger, does not care about the ranking of the world's top 500, but works hard to pursue scientific and technological innovation, this is Huawei. When a company benchmarked against Huawei, when some discordant voices appeared on the Internet, the company even attacked some small self-media bloggers, which really made everyone unhappy. What is Huawei doing: There are also people who hack Huawei, but Huawei has never responded positively, and their internal people say this: Is it a bit idle at work, and there is still time to read the comments on the Internet. Are these two companies at a higher level?
Ren Zhengfei took a group photo with Huawei's scientists, and Mr. Ren gave up the C position to the scientists
What exactly will Huawei's market capitalization be?
So how much will Huawei's market value be, there is no specific evaluation standard, we can only calculate it from one side, but the reference significance is not very large, because we don't know how much technical reserves Huawei has. Five years ago, in 2019, Ni Guangnan said when introducing the market value of global companies in the field of information and communication: Huawei's assessed market value is $1.3 trillion. Does Ni Guangnan's words have a lot of credibility? It should also be noted that Huawei's 2019 sanctions due to the United States were Huawei's darkest moment.
Let's take a look at the latest world market capitalization rankings:
Just for reference, the valuation of the American technology giant Seven Sisters has a certain bubble, and some of the hotly hyped Nvidia technologies are just concepts.
Let's analyze Huawei's market value from Huawei's business distribution, and the 2023 financial report shows that mobile communication revenue is 362 billion, terminal business is 251.5 billion, cloud computing is 55.3 billion, digital energy business is 52.6 billion, and automobile BUs are 4.7 billion. What if Huawei goes all out to enter the terminal business and compare with Apple? Li Auto's operating income in 2023 will be 123.8 billion, and now the sales volume of Wenjie has surpassed that of Li Auto. What will Huawei do with Tesla?
In 2013, Huawei invested 160 billion yuan in R&D and made a profit of 87 billion yuan, which is twice the profit.
Recently, there are two pieces of information from the technology community that will have a positive impact on Huawei's market capitalization: Toyota has chosen to cooperate with Huawei in intelligent driving, German Chancellor Olaf Scholz will visit China later this month, and Mercedes-Benz and BMW's senior management teams will also come, and the purpose of BMW and Mercedes-Benz is self-evident. When one day the world's top car companies are choosing Huawei's intelligent driving system, what will be Huawei's market value?
Intelligent driving
Huawei, which is not listed, has no significance in terms of market value in front of Huawei
Therefore, Huawei doesn't care about the meaningless data of valuation, all Huawei cares about is the continuous innovation of technology, what it cares about is only breaking through the blockade of technology step by step, and what it cares about is providing customers with personalized and creative products. There's no need to guess at this insignificant statistic. We just need to know that with Huawei, we have entered the era of the national network, and those keyboard warriors on the Internet, when they sprayed Huawei, they didn't know that there was no Huawei network construction, and they didn't even have the qualifications to be keyboard warriors. Once the initial installation fee of 4000 yuan for home phones has become history, after the Wenchuan earthquake in 2008, Huawei's communication team resumed communication for the first time, many places in the world, China's Shanshanjiao have networks and communications, and you can enjoy the fast network speed of 5G is also because of Huawei: the speed used to be KB/S, and now it is G/S.
Huawei builds a base station in Europe
The era of real estate has passed, and our country urgently needs to find an emerging industry that can replace real estate as the pillar of the national economy, and new energy vehicles have become the best choice for this industry: super-large scale and massive upstream and downstream industrial chains. What role does Huawei play in this, empowering car companies, is to provide intelligent driving solutions for new energy vehicle companies through various forms of cooperation. Huawei does not need to manufacture and develop batteries, because there are BYD and CATL, and Huawei does not need to directly build cars, not that Huawei can't get a manufacturing license for cars, because there are already too many new energy car companies in China, and Huawei is doing technical problems in the blank market.
The combination of software and hardware is the necessary condition for China's new energy vehicles to replace traditional cars in Europe, America and Japan: manufacturing + system.
Huawei's culture has far-reaching implications for China's market economy:
Characteristic equity setting: The founder Ren Zhengfei only has 1% of the shares, and 99% of the shares are employee shares held by Huawei's labor union, but the employees' equity is actually virtual equity, and they only have the right to dividends, but no control. The amount of equity of employees is not static, and the dividends brought by the long-term occupation of relatively high equity by some old employees are no longer struggled, which is dynamically adjusted according to the annual contribution, and the employees who leave no longer have equity. The adjustment of liquidity and dynamics ensures that Huawei's equity is incentive, and any employee who can bring value can receive high remuneration and year-end dividends. This is why Huawei employees can work all night and work overtime, and the company will not hesitate to pay in return, and far beyond imagination: Huawei has always been an industry leader in terms of compensation and benefits, with a total of 140,000 employees sharing 77 billion yuan in dividends in 2023, with an average of about 542,000 yuan per person (it is common for many employees to earn more than one million yuan a year)
At 12 o'clock in the morning, Huawei's headquarters is still brightly lit
Ren Zhengfei is rarely interviewed, but in 2019, he said that Huawei has trained a large number of scientists, including at least 700 mathematicians, more than 800 physicists, more than 120 chemists, more than 6,000 experts specializing in basic research, and more than 60,000 engineers
What can you think of Ren Zhengfei's creative equity design plan? During the Spring Festival of 2024, there is a company with a hot network: Henan Fat Donglai chain supermarket, how did a supermarket in a fourth-tier city make netizens across the country invite Fat Donglai boss to open a local branch, and how did a supermarket chain become synonymous with Henan Xuchang and scenic spots? How did he manage to survive Carrefour, Dennis, and others in Henan Xuchang? Fat Donglai boss has no culture, but he only takes 5% of the company's profits The remaining 95% is given to employees.
Huawei and Fat Donglai are not similar in this regard, they have not adopted the equity and financial system of Western capital. Do you think of the common prosperity of teachers, do you think of collective ownership, or even think of communism? Huawei has never advertised itself, but it has always done so. So the significance of Huawei also lies in whether it has brought an equity option to other Chinese companies? After all, the significance of the success of this equity design scheme is far-reaching.
Huawei's other system is the rotating chairmanship system, and the power of the rotating chairman is sometimes greater than the right to be right.
Space is limited, and I have the opportunity to introduce to you about Meng Wanzhou and ballet feet:
The Meng Wanzhou incident and the ballet foot story!
Finally, it is highly recommended to take a look at Ren Zhengfei's rare face-to-face interview video with CCTV, and the editor has edited the wonderful parts together:
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